Board Actions

Actions taken during the week ending July 5, 2014

Bank Holding Companies

MB Financial, Inc., Chicago, Illinois -- to acquire Taylor Capital Group, Inc., Rosemont, and thereby indirectly acquire Cole Taylor Bank, Chicago.
-Approved, June 30, 2014

Forms

Forms -- initial Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M) and Annual Company-Run Stress Test information collection for $10-50 billion companies (FR Y-16).
-Proposed, July 3, 2014

Monetary and Financial Policy

Term Deposit Facility -- fixed rate offering of seven-day term deposits with a maximum tender amount of $10 billion on July 7, 2014.
-Announced, July 3, 2014

Regulations and Policies

Home Equity Lines of Credit -- interagency guidance to financial institutions regarding home equity lines of credit (HELOC) nearing their "end-of-draw" periods, which occurs when the principal amount of the HELOC must begin to be repaid.
-Announced, July 1, 2014

Host State Lending Ratios -- interagency release of the host state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.
-Announced, July 2, 2014

Minority Depository Institutions -- annual report to Congress on Preserving Minority Depository Institutions.
-Approved, July 3, 2014

Enforcement

Cole Taylor Bank, Chicago, Illinois -- joint issuance, with the State of Illinois Department of Financial and Professional Regulation, of a consent cease and desist order and an order of assessment of a civil money penalty.
-Announced, July 1, 2014

Turkiye Cumhuriyeti Ziraat Bankasi A.S., Ankara, Turkey, and its New York, New York, Branch -- written agreement with the Federal Reserve Bank of New York and the New York State Department of Financial Services.
-Announced, July 1, 2014